Odfjell Drilling has 30 years of experience in offshore contracting as responsible for the operations and manning of fixed and mobile installations, including jack-up platforms and drillships in most parts of the world.

Odfjell Drilling has experience within exploration and production drilling, drilling by means of templates, horizontal drilling, well workovers, casing services, tieback operations, casing running, installation of wellheads, completion of subsea wells, floating production, plug and abandon operations, platform shutdowns etc. From the start in the early seventies, Odfjell Drilling has been a frontrunner with respect to safety, health and environment as well as technology and is acknowledged as a quality contractor operating in the North Sea in particular.

Summary of historical milestones

Mr. Odfjell founded a shipping company with its main business to own and operate dry cargo vessels. Odfjell started building and operations of the first small chemical tankers in 1937, a trade which has been continuously expanding since the Second World War (the company is today known as JO Tankers and is the third largest chemical tanker transportation company in the world). In 1969/70 Odfjell decided to expand into the offshore drilling market and some key milestones are described below:

Odfjell decided to develop a new semi-submersible self-propelled drilling platform. The final result was the H-3 platform which design was taken over by the Aker Group and became the world’s most famous semi-submersible unit with a total of 28 units built. Odfjell participated in the building of 10 H-3 rigs and had part ownership in 7 of these units.

Odfjell Drilling was formally established in Bergen by the Odfjell family (as Odfjell Drilling & Consulting Company AS), and the company had at the time already signed two major drilling contracts and had two H-3 units under construction:

Deepsea Driller, the first H-3 ever, delivered 15 February 1974 for a two years contract with Conoco, and Deepsea Saga, delivered 1975 for a two years drilling contract with Saga Petroleum.

In the growing offshore exploration activities, the company soon became involved in the development, construction and management of several semi-submersibles and jack-ups both in the North Sea and worldwide.
Since 1973, Old Odfjell Drilling has been involved in the construction and operation of more than 25 drilling and production units world wide.

Awarded the drilling contract on the Statfjord "B" platform, and the Odfjell Drilling passed another milestone in becoming a fully comprehensive Norwegian drilling contractor. The contract was the largest in Norwegian drilling history and also the first Norwegian production drilling contract. The company has subsequently grown to become one of the leading operators and holds a market share of about 30% of the Norwegian platform drilling market.

Took delivery of the next generation of the H-3 platform, the Aker H-3.2 design semi-submersible Deepsea Bergen.

Started production drilling activities with the semi-submersible Deepsea Pioneer (ex. Deepsea Saga) with a 5 years contract with Hamilton Brothers Oil & Gas Ltd. on the Argyll field offshore UK.

During the 1980s and the 1990s, the Odfjell Drilling was engaged in offshore activities from semis, drillships and jack-ups in the UK, the Mediterranean, offshore West and South Africa and in South East Asia. Following the major increase in North Sea activities from 1995/96, the company decided to reduce its international activities and concentrate temporarily on the "home market".

Became involved in hydraulic well intervention, and constructed multipurpose WO rig, provided services in this area from four owned units. In 2004 the multipurpose WO rig was sold for drilling and WO operations in the Aegean Sea.

Acquired all the shares in Norwegian Drilling Management AS (DND). Odfjell Drilling has since, through Deutag Norge Drilling's contract with PPCoN, carried out drilling services on the Ekofisk field. (Deutag Norge Drilling is owned 50/50 by Deutsche Tiefbohr AG and Odfjell Drilling. Odfjell Drilling acquired 100% of Deutag Norge Drilling in September 2001, and renamed the company Odfjell Norge Drilling AS.

The semi-submersible Deepsea Trym was purchased, upgraded to Norwegian regulatory requirements and secured a 5-year contract with Statoil on the Gullfaks field from 1996.

Initiated the public company Deepsea ASA on OSE. In 1996 Deepsea ASA’s main asset, the Deepsea Stavanger baredeck (platform structure), was purchased by Marine Drilling Inc. The proceeds were distributed to the owners and the company de-listed from the OSE in 1997.

Signed an agreement to purchase the semi-submersible rig West Delta from Smedvig ASA. The rig was delivered in April 2001 and renamed Deepsea Delta.

Conocophillips awarded Odfjell Drilling the Ekofisk/Eldfisk field contract for drilling, completion and maintenance. 3 years fixed + 2 x 3 years options.

Odfjell returned to the UK. Talisman awarded Odfjell Drilling a field contract for drilling, completion and maintenance. 3 years fixed + 1 x 2 year option.

Statoil awarded Odfjell Drilling the Heidrun, Visund, Snorre A and Snorre B contract for drilling, completion and maintenance. 4 years fixed + 2 x 3 years options.

Established Odfjell Invest Ltd. on Oslo Stock Exchange for construction of jack-up drilling units at Keppel Fels in Singapore.

Established "new" Odfjell Invest Ltd. on Oslo Stock Exchange for construction of 6th generation semisubmersibles at Daewoo in South Korea.